Ann: Collection House Limited Software Review, page-21

A few facts to remember:
Upon taking over Rivas conducted a "rigorous" review of people and technology. Why wasn't this wastage on the Balance Sheet detected then?
The Short term incentive for Rivas requires he achieve a 5% increase in eps. Sorry he missed that in 1H17...in fact eps wasn't up at all , it was down 4%.

This despite the following comment on page 15 of the 1H17 report:
"1H17 focused on enhancing collector productivity, technology, implementing sales growth initiatives, and containing costs." Yeah...so how come we go backwards 4% on eps?

For FY17 he needs to achieve eps of 14.7c - that means 2hFY17 eps of 8.6c (against 1H of 6.1c). That's a big ask and the now released $2m w/o is a bit more than a head wind here.

Put another way, FY16 NPAT was $18.6m...a 5% increase to secure Rivas' STI means a minimum FY17 NPAT of $19.53m. 1hFY17 NPAT was $8.2m...so 2hFY17 needs to be a minimum of $11.33m.
Sorry I cannot see this being achieved. Another year in the wilderness.